This website sets cookies on your device. By continuing to use our site, you consent to our use of cookies in accordance with our Privacy Policy.
Menu Learning Center
0.00 ( 0 votes )

DTC-eligible agents interested in becoming a DTC FAST agent must fulfill the requirements listed below. After completing these requirements, the application is reviewed and the transfer agent is notified of their FAST agent eligibility status.

  •   default FAST Requirements for DTC-Eligible Transfer Agents

    The FAST Requirements document explains exactly what DTC requires of transfer agents when submitting the necessary forms to register for and participate in DTCC’s FAST program.

  •   default Balance Certificate Agreement

    By signing this agreement, a transfer agent acknowledges that they are required to issue a physical securities certificate each day in DTC’s nominee name, Cede & Co., for the entire position of each security they are holding for DTC in a FAST balance account.

  •   default Operational Criteria for FAST

    In this document, DTC outlines exactly how FAST transfer agents must process transactions that either increase or decrease the FAST balance accounts. The document includes Shipment Control Lists (SCLs) and rejected transaction processing instructions, transfer turn-around time, daily FAST balance confirmations, handling securities where the FAST transfer agent is not the paying agent, and hot to use the DTC systems.

  •   default Key Elements of Insurance

    This document states the form and content of the insurance letter for the FAST Balance Agreement.